Some non-descript MD/CEOs paying very poor salaries to workers are earning more than this but will never publish it

djlawex02:
Most of this C.E.O are not even doing anything serious, those who actually work like machines are paid peanuts

You funny sha!

Typical African....
They believe wealth lies on strength & power

Truth234:


Please non of them earn up to $500,000 a year. Using N605/US$1 exchange rate. Even at the CBN rate of N415, it would be around $500,000. However, these are earnings, does not include equities owned in the companies or even dividends on those equities.

E b like say maths de hard u

wis3:
it has to be annually.

says who? It is monthly jo

cardoctor:
Highest paid. I hope they pay their taxes.

Pay tax to bandit and terrorist abi

franchasofficia:
Only one is a Nigerian? Tells you all that's wrong with the Nigerian system

Read before you comment


There are two Nigerian there, MTN CEO and Zenith Bank CEO

Salaries are usually quoted per annum besides those amounts are too large for monthly

jom28gy:
I don't think so

Elemosho478:



Read before you comment


There are two Nigerian there, MTN CEO and Zenith Bank CEO

That Toriola doesn't sound like a full blooded Nigerian, seems to me like a mixed race

Okobola146:
says who? It is monthly jo

oga no be monthly,stop arguing,dangote way stingy pass u go pay that,lol,even him driver most with certificate no dey know as there money finish bfr end of month..what you will ask how much is there turnover after all to pay such amount to de CEO,are there no other workers in payroll

DrChukki:
That other guy, Baker Magunda, is he really a Nigerian?

That name sounds like Swahili...

So foreigners are still cashing out big time in Nigeria...?

He is not a Nigerian

Only MTN CEO and Zenith Bank CEO are Nigerian

Wow. They are all non-Nigerian.

gulfer:
Some non-descript MD/CEOs paying very poor salaries to workers are earning more than this but will never publish it

Sadly true

franchasofficia:
That Toriola doesn't sound like a full blooded Nigerian, seems to me like a mixed race

Lol he is a full blooded and core Yoruba

His father is a King in Modakeke, Osun state so he is also a Prince.

Elemosho478:


Lol he is a full blooded and core Yoruba

Oh good. I suspected the name initially

Elvis2kay:
That is not much compare to wetin I dey make in a year.

Abi na?

wis3:
Imagine earning N531million naira in a month? In a Nigeria where people are collecting N30k as minimum wage? where some private schools pay N8k. Definitely annual

That's annual earnings...

It’s annually which also includes other allowances such as Drivers, cooks etc…. Everything has been summed up..

These people are paid in dollars and the high exchange rate is the reason why the the pay is this big. If the exchange rate goes down, the pay will automatically go down also

cardoctor:
Highest paid. I hope they pay their taxes.

Taxes are deducted from the source before payment and not after.

datola:
These CEOs are earning average of $1 million dollars per annum. That's huge world standard.

And our mitivationer speakers said you can never be rich/wealthy working for others.

I respect Dangotes sha for building world class companies.

What percentage of the population earns such... those guys started their careers at the top level

For your information, this does not include profit sharing, allowances like quarterly and upfront, and other side benefits packaged by some contractors.

Only two persons are Nigerian, the other ones are out the country.

lalasticlala:
Shared by Jarus:



https://twitter.com/SirJarus/status/1546617669335523329?t=xAq7WM2yyirJvRn6yjVQdg&s=08

HIGHEST PAID MD/CEOS IN NIGERIA IN 2021

1 Michel Puchercos (Dangote Cement) N531 million

2 Roger Brown (Seplat Energy) N475 million

3 Mr. Karl Toriola (MTN Nigeria) N368 million

4 Mr. Ravindra Singhvi (Dangote Sugar) N289.7 million

5 Mr Khaled Abdel Aziz El Dokani (Lafarge Africa) N288.6 million

6 Ebenezer Onyeagwu (Zenith Bank) N246 million

7 Hans Essaadi (Nigerian Breweries) N243.1 million

8 Baker Magunda (Guinness Nigeria) N243 million

9 Carl Cruz (Unilever Nigeria) N231.6 million

10 Wassim Elhusseini (Nestle Nigeria) N206.4 million

SOURCE: Nairametrics Research

Almost all foreigners

Only 2 black Nigerians here! A Japanese won’t allow this! This are the problem of Nigeria.. thieves , u wonder why mtn charge by data? And it’s not so in South Africa.

These foreigners are cashing out big time in Nigeria while we suffer in their own country.

djlawex02:
Most of this C.E.O are not even doing anything serious, those who actually work like machines are paid peanuts

True, but most of them make decisions in a few minutes that may make or mar people's life

sylve11:


For everything you wish for, you pay taxes on it.

the tax doesn't really matters. what matters most is d net pay.

I know of a CEO that earns higher, but in the range of 300m, but the company is not publicly listed anyway.

djlawex02:
Most of this C.E.O are not even doing anything serious, those who actually work like machines are paid peanuts

Na so we dey think am...

When you begin climb ladder in organisations...

You go know say Khaki no be leather...

Those guys practically use huge part of that money to remain sane. Thier health life takes a huge toll from their work life...making decisions at such level no be moinmoin

Yes, they earn well....but rest is far from them.

BloomingDale:
Filled with foreigners. African men cannot manage a company, yet they want to manage a home. Wives, you better get a white man to manage you and your husband, if not the African men will run it to the ground. No wonder most women married to an African man are not fulfilled in their marriages. They are just managing the marriage. No wonder they also say marriage is hard work.

No foreign Investors will trust a Nigerian CEO to work with or set of a deal with...
They don't literally trust any single black man... most especially Nigerians..

So I don't cee why shouldn't hire an Expertise CEO to give your company good review...

Is not like Nigerians are dead brains... but you just hav to do what you hav to do... it's the only wey for company to grow internationally

datola:
These CEOs are earning average of $1 million dollars per annum. That's huge world standard.

And our mitivationer speakers said you can never be rich/wealthy working for others.

I respect Dangotes sha for building world class companies.

You think motivational speakers are normal people? people that don't have any other work than to keep sayin rubbish up and down.

lalasticlala:
Shared by Jarus:



https://twitter.com/SirJarus/status/1546617669335523329?t=xAq7WM2yyirJvRn6yjVQdg&s=08

HIGHEST PAID MD/CEOS IN NIGERIA IN 2021

1 Michel Puchercos (Dangote Cement) N531 million

2 Roger Brown (Seplat Energy) N475 million

3 Mr. Karl Toriola (MTN Nigeria) N368 million

4 Mr. Ravindra Singhvi (Dangote Sugar) N289.7 million

5 Mr Khaled Abdel Aziz El Dokani (Lafarge Africa) N288.6 million

6 Ebenezer Onyeagwu (Zenith Bank) N246 million

7 Hans Essaadi (Nigerian Breweries) N243.1 million

8 Baker Magunda (Guinness Nigeria) N243 million

9 Carl Cruz (Unilever Nigeria) N231.6 million

10 Wassim Elhusseini (Nestle Nigeria) N206.4 million

SOURCE: Nairametrics Research

If these are annual salaries, they're are not impressive given their status in the company. Their equivalents in South Africa or Egypt would only accept these sums of money as yearly bonuses for that matter.